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Iran’s GDP growth stands at 7.1% in Q2: SCI

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Iran’s gross domestic product (GDP) including oil grew 7.1 percent in the second quarter of the current Iranian calendar year (June 22-September 22), compared to the second quarter of last year, according to the Statistical Centre of Iran (SCI).

Based on the SCI data, the figure excluding oil increased by 4.2 percent, Tasnim News Agency reported.

As reported, based on the fixed prices in the Iranian year 1390 (ended on March 19, 2012), the country’s GDP stood at 21.9 quadrillion rials (about $43.8 billion) including the oil sector, and at 18.5 quadrillion rials (about $37 billion) excluding the oil sector in the mentioned period.

The SCI data indicate that in the summer of the current Iranian year, the agricultural sector grew by -3.2 percent, the industry and mining sector grew by 8.7 percent and the services sector has grown by 7.5 percent compared to the summer of 1401.

As announced previously by the Central Bank of Iran (CBI), Iran’s GDP including oil grew 6.2 percent in the first quarter of the current Iranian calendar year (March 21-June 21), compared to the first quarter of last year.—Tehran Times

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